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400 Morris St

$6,970,000

400 Morris Street, Sebastopol, CA 95472

Active
Last Updated: 02/04/2026

5.6

Cap Rate

392,224

NOI

Details:
Cap Rate:    5.6%
NOI:    $392,224
Pro Forma Cap Rate :    9%
Building Size:    23,690 sqft
Lot Area:    1.48 acres
Occupancy:    100%
Class:    B
Lease Type:    Triple Net
Year Built:    1988
Price Per Sqft:    $294
Tenancy:    Multiple
Highlights:
  • Excellent Industrial/Multi-Tenant Opportunity: Strategically located industrial/warehouse property totaling approximately 23,690 SF on a 1.48 acre site in Sebastopol’s commercial core, offering flexible space for production, office, and service uses.
  • Stable Occupancy & Diverse Tenancy: Home to long-established local businesses including manufacturing and professional services tenants, providing varied income streams and strong community presence.
  • Functional Layout with Flexible Uses: Building configuration supports a mix of industrial, creative office, and service tenants; ideal for owner-users or investors seeking versatile space in Sonoma County’s employment base.
  • Strong Sonoma County Market: Situated in Sebastopol — a dynamic North Bay market known for its creative economy, winecountry tourism, and light industrial/commercial growth.
  • Exceptional Location & Accessibility: Located on Morris Street with close proximity to downtown amenities, regional highways, and surrounding business services, enhancing tenant appeal and future lease-up potential
Description:

This property is a ±23,690 SF multi-tenant industrial warehouse on ±1.48 acres, uniquely positioned adjacent to The Barlow dining and entertainment district. This exceptional property combines functional industrial space with premium lifestyle amenities, ideal for both owner-users seeking a distinctive corporate campus and investors targeting quality tenants. Built in 1988 with 20' clear heights, the property features multiple semi-truck loading doors, excellent parking (2.0/1,000 SF), and recent capital improvements including new insulation. The diverse tenant mix includes a long-term cannabis lease providing income stability, with ownership offering flexible delivery options —partially or fully vacant based on buyer requirements. The strategic location provides unmatched employee amenities through The Barlow's restaurants and entertainment venues, plus excellent connectivity via SMART rail (11 minutes) and Sonoma County Airport (21 minutes). This represents a rare opportunity to acquire a well-positioned industrial asset in the supply constrained Sebastopol submarket.

Map:
Documents:
Title
400_Morris_St_Flyer.pdf
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